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Dec 4, 2012
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. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of president obama's likely pick to follow tim geithner at treasury. we talked about how buffett threw out jamie dimon's name. here is what moynihan thinks about that idea. >> i won't give individual names, but i think what warren is expressing a view which i agree with is that we need to have very bright, very talented and very broad experienced people help pus
. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in...
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Dec 3, 2012
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they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our
they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation....
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one is new jersey's frank lautenberg who was elected in 1982, retired in 2001. then came back two years lates. senator dan coats, he changed his mind about retirement and re-elected in 2010. george allen tried to join that club but didn't make it. if you have a trivia question, e-mail us at dailyrundown dailyrundown@msnbc.com. ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell
one is new jersey's frank lautenberg who was elected in 1982, retired in 2001. then came back two years lates. senator dan coats, he changed his mind about retirement and re-elected in 2010. george allen tried to join that club but didn't make it. if you have a trivia question, e-mail us at dailyrundown dailyrundown@msnbc.com. ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our...
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david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to spend more time debating and getting their policy initiatives together where republicans are more conservative in ideology. come out a little quicker. post-election years up five, down one for republicans since world war ii. i mean for democrats, excuse me. >> jeff hirsch, stock traders almanac, editor-in-chief. david: has commodity traders almanac. you have it all covered. >> thank you. liz: who is the most overpaid actor according to the forbes when looking at box-office returns versus the big bucks they're paid? is it brad pitt? is it eddie murphy or is it adam sandler? we have the answer co
david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to...
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Dec 6, 2012
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election day is the moment to celebrate the winners in politics. but for musicians, the big night is the grammys. the list includes familiar stars like kanye west and adele and maroon 5. there's one category that really caught my eye. it's the one for best spoken album, which includes audio books as well. check out the nominees. first lady michelle obama. she's nominated for her book, american grown. but look at her competition. it's former president bill clinton. he's nominated for his book "back to work." my colleague and friend, rachel maddow was nominated for her book "drift." incredible. but i'm disappointed. there's some serious snubs this year. i mean, how did this fellow performer not make the list. ♪ >> that deserved something. and mitt romney's tough year just got tougher. look at this snub. ♪ o beautiful for spacious skies for amber waves of grain ♪ ♪ for purple mountains majesty, above the fruited plain ♪ >> and perhaps the biggest snub of all, not jusn
election day is the moment to celebrate the winners in politics. but for musicians, the big night is the grammys. the list includes familiar stars like kanye west and adele and maroon 5. there's one category that really caught my eye. it's the one for best spoken album, which includes audio books as well. check out the nominees. first lady michelle obama. she's nominated for her book, american grown. but look at her competition. it's former president bill clinton. he's nominated for his book...
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Dec 5, 2012
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i was trying to read your thinking here and post election analysis. i think it's so interesting. if you get people angry about the way things are economic alley you think they'll blame the incumbent but it seems like a lot of people said, yeah, things aren't that great, especially poor working people, bush. >> governor romney thought this would be a referendum of barack obama. case closed. when you take a look at group of voters who said the economy was not so good, so you would think that would be an opportunity for governor romney, actually the president carried them by 13 points.ç 55-42. obviously, the economic argument on the refer side was not made. it was just a referendum. it was just a contradiction to what the president was saying instead of -- >> i want to ask you quickly on this. i thought when obama went in the first debates, i went nuts, i thought the president dropped the ball but romney was strong in the first debate because he kept saying, i'm a business guy, i can create jobs. business equals jobs. the one strong punch he had, he kept at it. then after he got o
i was trying to read your thinking here and post election analysis. i think it's so interesting. if you get people angry about the way things are economic alley you think they'll blame the incumbent but it seems like a lot of people said, yeah, things aren't that great, especially poor working people, bush. >> governor romney thought this would be a referendum of barack obama. case closed. when you take a look at group of voters who said the economy was not so good, so you would think...
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Dec 2, 2012
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this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in added revenue over a ten-year period. we are spending over a trillion dollars in debt every year and not putting anything into it. the republicans have been down the road before where they have been promised three for one, and it never happens. i think they are beginning to realize until it's actually on the table and signed off on by all sides they aren't going to buy into it. >> senator, did the president in this offer with so little in spending cuts and tax reform, the debt limit, did he overplay his hand or is he being rea
this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in...
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Dec 6, 2012
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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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Dec 6, 2012
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two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift.ta alka-seltzs cold & cough... [ buzz! ] take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use tylenol cold multisymptom nighttime... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... ho
two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the...
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Dec 10, 2012
12/12
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WBAL
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and of course the election may that. and of course the election may be soyou won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. i'i invest in what i know.r.e. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introduci
and of course the election may that. and of course the election may be soyou won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. i'i...
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Dec 7, 2012
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sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important. it's another one of those two-day meetings. they're going to take down operation twist. this will be important because he gets to announce at a press conference. that gives them a chance to explain what the mood of the meeting was. it will give them a chance to hear what the new proposal, qe whatever, is supposed to do and how they want to set it up. so i think the markets will hone in on that very, very carefully. >> do you think we see an acceleration of purchases, a revamp of twists? will there be an event as i said earlier? >
sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >>...
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Dec 8, 2012
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it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we have to face this cliff and the question is, can they really address these issues in the next 24 days with the president heading for vacation and congress about to go home? it doesn't feel good. >> no. in terms we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? a lot of americans without jobs and just the fear of going over the cliff is affecting it because it's affecting hiring. >> without a doubt. you wonder if it's affecting big business or small business. corporate ceos are simply sitting on their hands. you are seeing u.s. corporations with more money on their balance sheet than they had in years. the fact that they're facing more health care costs to pay out to their employees and they don't know what the tax climate is going to look for them. they're not growing their business and they're not creating innovation. it improves what they're do
it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we have to face this cliff and the question is, can they really address these issues in the next 24 days with the president heading for vacation and congress about to go home? it doesn't feel good. >> no. in terms we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? a lot of americans without jobs and just the fear of...
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Dec 7, 2012
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andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the markets in general are going to be, i believe you have stock picks for us. name what they are and will they be able to perform regardless of the macro environment? >> all right. we are focused on. companies that can grow regardless of what happens in the economy. three stocks we like, one is denbury resources. what's interesting about them is they have hedged their forward sales of oil so the lowest they're going to receive is $80 next year. at those rates, they're going to be a very profitable company. it's a very inexpensive stock. we like that. it's a u.s. oil producer as
andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the...
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Dec 8, 2012
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and on election day, voters in three states approved same-sex marriage. "outfront," mckay coppins, tim carney and maria cardona, cnn contributor and democratic strategist. this is kind of big news in all of this. tim, you saw the polls. now the supreme court will get involved in this. should this signal something to the republican party? should they say it's reached this level? >> polls are one thing. there's also the fact most states don't have gay marriage yet and most of those that do, it was not put in by the will of the people. i'm a marylander. our state did vote for gay marriage. most of them had to do with judges ruling. if the supreme court does for gay marriage what it did for abortion and roe v. wade and said, no, this is not in the hands of the people. we're going to say there's gay marriage, that would do a thrott fire up the republican base and could turn this issue on its head and become a big winner for republicans because they'd feel disenfranchised. >> what about the flip side? what if the republican goes that way, their base doesn't get
and on election day, voters in three states approved same-sex marriage. "outfront," mckay coppins, tim carney and maria cardona, cnn contributor and democratic strategist. this is kind of big news in all of this. tim, you saw the polls. now the supreme court will get involved in this. should this signal something to the republican party? should they say it's reached this level? >> polls are one thing. there's also the fact most states don't have gay marriage yet and most of...
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Dec 4, 2012
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the president of the united states is back to his old dog and pony show for three weeks after the election he didn't say or do anything. he's back to giving public speeches. with a plan that he knew was going to be rejected by republicans, we actually need the president of the united states to sit down with speaker boehner and have a kfrg. i can't understand this president. he likes to legislate and give speeches but he doesn't like to get involved actively in the legislative pros is he and that's exactly what we need and we haven't heard increase in revenue. we haven't heard what the white house is willing to give up and i think the plan is reductions in spending and what is increasing deficit is not that the rich is not paying enough taxes. >> what is going to come from the left? because david brooks from the "new york times" made this observation. republicans have to realize that they are going to cave on tax rates. the only question is, what do they get in return? as we know, tax rates are a must-have for the president, the revenue there as alfonso was pointing out, revenueses are on t
the president of the united states is back to his old dog and pony show for three weeks after the election he didn't say or do anything. he's back to giving public speeches. with a plan that he knew was going to be rejected by republicans, we actually need the president of the united states to sit down with speaker boehner and have a kfrg. i can't understand this president. he likes to legislate and give speeches but he doesn't like to get involved actively in the legislative pros is he and...
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Dec 6, 2012
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but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power playç of all in obama care cam at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting is $716 billion from the program. i can't under
but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads...
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Dec 4, 2012
12/12
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you cannot have what i offered you before the election. what election? that's how the republican house speaker is playing the game this week. maybe in the world of the beltway and the sunday morning talk shows, maybe that makes sense. in the real world, here's what happened. here's the bigger picture. our economy broke very, very badly. not long ago on a historic scale. now in the real world, we are having these tiny little glimmers of recovery of economic growth. the first blue bar, that's when the stimulus bill went into effect. the stimulus kicks in and the economy starts to grow after having fallen off a cliff. that's the real cliff. just the other day, we learned our latest glimmer of growth was bigger than we had thought it was, which was awesome. the bad news, though, is that we are in danger of falling back. we are in real danger. the deficit is not the biggest problem in the country. the deficit is shrinking by hundreds of millions of dollars every year the president has been in office. to the extent we need to use debt to accomplish other goals
you cannot have what i offered you before the election. what election? that's how the republican house speaker is playing the game this week. maybe in the world of the beltway and the sunday morning talk shows, maybe that makes sense. in the real world, here's what happened. here's the bigger picture. our economy broke very, very badly. not long ago on a historic scale. now in the real world, we are having these tiny little glimmers of recovery of economic growth. the first blue bar, that's...
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he didn't win the election. he certainly did have a plan. >> it is not one that romney backed really. stuart: that's true. i do see a little drift here, a little drift here. at least you're prepared to admit that the president should put forward a reform plan. so let's move on to the issue of tax rates. >> okay. stuart: do you think the president is right to absolutely insist on tax rate increases? he won't tolerate reductions in deductions. he won't do that. no, it must be tax rates. will you defend that? >> well, i think he has the upper hand in the sense that seen, americans say they support raising taxes on the wealthy, so i think he feels that he has a mandate on that issue. look, i feel if the republicans are willing to make up that revenue another way, he should be open to that. i don't think it has to come from raising taxes. it could come -- stuart: the republicans have put forward a plan to raise 800 billion dollars over ten years. >> right. stuart: that's not by raising rates. that's by restricting de
he didn't win the election. he certainly did have a plan. >> it is not one that romney backed really. stuart: that's true. i do see a little drift here, a little drift here. at least you're prepared to admit that the president should put forward a reform plan. so let's move on to the issue of tax rates. >> okay. stuart: do you think the president is right to absolutely insist on tax rate increases? he won't tolerate reductions in deductions. he won't do that. no, it must be tax...
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Dec 10, 2012
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>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a sound fiscal footing and change this trajectory that we're on, there perhaps could be some republican support for it. i'm not sure where i would come in. >> the -- part of the cliff that bothers you the most is that you'd like to do something with the sequester? or, if we were to sunset all the bush tax cuts? that would -- >> that would go -- republicans want to get rid of the deficit. that almost cures the deficit. and that was the rates that we had at one point. and they were supposed to sunset. and i guess there's never a good time. but what if they all sunsetted and you did
>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a...
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Dec 2, 2012
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, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made it to the white house. you know, it was the exact opposite in just the republicans. some of the red states were some of the poorest states in the country. so i think it is very interesting that when you see average american citizens who happen to be making a little bit more money willing to sacrifice for the good of the country, i think that's a good message and something to get behind and stand on. >> lz, our producers are here, can we keep them over the break? i want
, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their...
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Dec 4, 2012
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we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the congress then gets its act together to fix it and lower rates on the middle class, you will have the republicans essentially responsible for raising tax rates on the middle class. i can't imagine, again, bill krystal said this yesterday. i can't imagine why the republicans would want to be known as raising tacks xes on t middle class. >> thank you both. next, the president reacts to speaker boehner. stay with us. this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just
we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the...
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both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised you, red lobster, olive garden, timely for both, and i will deliver. that is ahead. [ male announcer ] take dayquil... [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] ...and spend time on the chair. for non-drowsy 6-symptom cold & flu relief. take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use alka-seltzer plus night cold & flu... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... honey? ...on the couch. nyquil d. 50% longer cough and stuffy nose relief. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even rew
both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised you, red lobster, olive garden, timely for both, and i will deliver....
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Dec 5, 2012
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also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what is interesting about this conversation. when you hear the speaker talking about the loop holes that is the same rhetoric that we heard from mit romney. >> they are using the stuff that is done in the budget control last year. >> those are terrible talking points. >> let me say this point. >> hang on a second. i want to go to guy benson on another point. there is a lot of talk that the republicans might have a doom's day scenario. if there is a budget stalemate, then the republicans will allow a vot
also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in...
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. >> reporter: speaker boehner's visit today with the president was only the second time since the election the two have meat face to face. pu publicly each have been waiting for the other to blinging m. >> to say they're go along with that and then we'll start negotiating on the other side. it makes no sense for us to negotiate against ourselves. >> reporter: as the cliff looms, one influential voice says enough is enough. >> that's like betting your country. that's something terribly bizarre and juvenile about that as to think your party comes ahead of your country. i don't go for that at all. >> reporter: now lester, aides do say the lines of community are open, but the president heads to the detroit tomorrow to continue on that campaign to get the republicans to cave on the tax breaks. >>> john harwood is cnbc's political correspondent, what where do they go from here? >> republicans ultimately are going to give ground on tax rates, raise them for some portion of wealthy americans, somewhere eastern a miaround a year. two strong bets are the increase in the medicare eligibility ages fro
. >> reporter: speaker boehner's visit today with the president was only the second time since the election the two have meat face to face. pu publicly each have been waiting for the other to blinging m. >> to say they're go along with that and then we'll start negotiating on the other side. it makes no sense for us to negotiate against ourselves. >> reporter: as the cliff looms, one influential voice says enough is enough. >> that's like betting your country. that's...
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we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the problem, it seems to me. again, as long as the posturing goes on with fairly ridiculous offers on both sides and lots of political rhetoric along t
we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have...
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Dec 2, 2012
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the president was elected by all of the people in the country. we have 535 members of congress who were elected from all over the country. >> i think a lot of folks think he is now governing in -- or at least putting proposals out there like 100% of the vote -- >> let's remember how this started. congress created this so-called cliff. they decided there would be a date certain where everything would unravel. it wasn't the president that did it, and now he has laid something on the table. it's time for congress to act. to say that their feelings are hurt, you know, put on the big boy pants for girls and boys and let's get this job done. >> you know, there's been a lot of talk around this town about the movie "lincoln." in that movie lincoln in the service of a big idea expended enormous political personal capital and negotiated a deal. what we have here is a president in the service of a small idea, taxing the wealthy, who has put forward no personal political capital to actually get a deal done with these guys. you have senator warner on earlier
the president was elected by all of the people in the country. we have 535 members of congress who were elected from all over the country. >> i think a lot of folks think he is now governing in -- or at least putting proposals out there like 100% of the vote -- >> let's remember how this started. congress created this so-called cliff. they decided there would be a date certain where everything would unravel. it wasn't the president that did it, and now he has laid something on the...
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2016 election. assuming they get a good candidate. >> i teach history at northern virginia community college. do you see any parallel between the whig party, which tried to be all things to all people, leaderless, and ironically the upstart, regional, singular issue focused new republican party. is the current republican party going to go the way of the whigs? >> i doubt that. there were a very weak party. the party developed as an anti- jackson party. that was about it. it won two presidential elections by mimicking the democrats. they were a national party. they ran in the south but they were torn apart by the slavery issue. the republican party and the whig party have that much in common. the republicans have been around and are deeply entrenched. but you do ask a good question -- where are the republicans going to get those votes to turn themselves into a majority party? ronald reagan did not really succeed in doing that and he had a very successful administration. one thing i learned in looking
2016 election. assuming they get a good candidate. >> i teach history at northern virginia community college. do you see any parallel between the whig party, which tried to be all things to all people, leaderless, and ironically the upstart, regional, singular issue focused new republican party. is the current republican party going to go the way of the whigs? >> i doubt that. there were a very weak party. the party developed as an anti- jackson party. that was about it. it won two...
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and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to democrats and outside spending groups. so you can see the impact they had across the board it and, wolf, while michigan wouldn't be the first state to pass right to work laws, in fact, 23 other states already have right to work laws. so tomorrow michigan could become the 24th state to have one. as the birthplace for the organized labor movement in the u.s., passage for this law in michigan would be a body blow to the labor movement in the u.s., wolf. >> certainly would be. thanks very much for that, jessica. >>> the president's due back here in washington just in a little while from michigan. his focus
and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to...
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Dec 9, 2012
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we can still have elections. we should give our electoral votes to some responsible party like montana or belgium. so that's one. the other question on to bring out, would anybody, just raise your hand, would anyone like to play for the marlins next year? they need people. they have nobody laughed. show fans. it's good to be back. this is the best book fair in the united states. i am here to talk about two books really. i have a book to talk about. i'm not sure why i'm here. coming out last january, the checks. this january, which you can buy now, in sin city. there both based on reality. and it's is a book arrow to my great guy, one of the original writers for seven at live it probably has the biggest ever seen. not that that is really relevant, but if you were here you would be amazed. we decided to write a book about soccer parents. the genesis. i'm a sucker parent. my daughter plays soccer pitches been playing since u.s. for years old. she doesn't actually touch the ball. kick the ball, y'all that. they don't
we can still have elections. we should give our electoral votes to some responsible party like montana or belgium. so that's one. the other question on to bring out, would anybody, just raise your hand, would anyone like to play for the marlins next year? they need people. they have nobody laughed. show fans. it's good to be back. this is the best book fair in the united states. i am here to talk about two books really. i have a book to talk about. i'm not sure why i'm here. coming out last...
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>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move forward. the senate democrats not answering their phones are the ones to ask about this one. >> congressman, thank you for being on. >>> the final countdown to the jobs report. stick around. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional valu
>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the...
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that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. >> we're out of time, guys. nice to talk to you. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan will explain the fuss. that's coming up next. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. ♪ â™
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and i think that they're certainly trying to leverage off of that since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. the parent company of red lobster, filing a fight for the president's health care law, not because of the actual law, because it criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? >> oh! oh! >> apparently these guys just found out that they could get fined for eating while driving. is nothing sacred? having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. > >> coming down and p
and i think that they're certainly trying to leverage off of that since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. the parent company...
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end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the period, the grieving period and the acceptance period for when it doesn't go your way, especially when there was every inclination it would go his way and remember what a long torturous, tedious primary period. about 175 republican debates before the general election. he was wiped out before the finals. >> what i find disgusting is i like mitt romney. and his wife and kids. they're nice people. and the way they've all been chucked under the bus by the other republicans, one by one, racing to distance themselves, i don't like that. it's just disloyal to me. >> i think that romney was someone who -- i mean, listen. i'm glad the way everyt
end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the...
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what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most people i know, maybe not for people in red state, christian conservatives. needed to put a woman on the ticket. >> i was amazed he didn't go from the over demographics. he had marco rubio on condoleezza rice if they had done it. >> if he had gone for meg wh whitman. he might have won. if he took a serious woman as opposed to palin in 2008. >> on obama, he fought a campaign that was pretty skillful on the ground where it mattered in the swing states. probably why he won. by any kind of criminal just you say he didn't live up to the promise he gave four years ago. what do you want hi
what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most...
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to cap off his election win and get a clean start on his second term. a victory for the president would look like this -- get that top income tax rate up. make minimal concessions on entitlement cuts and get it done before the end of this month, avoid that cliff. this week the president said talk on a partial deal on taxes alone will not cut it with him. >> there have been reports that perhaps the republicans go ahead and let the middle class tax cuts get extended, the upper income tax cuts go up, otherwise we don't get a deal and next year we come back. i have to just tell you, that's -- that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. chris: he wants a pretty good deal, a lot of things in it. when he sits down in that room with he and boehner, it's come down to the two of them, are both looking at the fact that obama won the election and he should get a tilt in his discretion, a 60-40 deal? >> i think boehner is a realist and when he said things like bahama care is the law of the land
to cap off his election win and get a clean start on his second term. a victory for the president would look like this -- get that top income tax rate up. make minimal concessions on entitlement cuts and get it done before the end of this month, avoid that cliff. this week the president said talk on a partial deal on taxes alone will not cut it with him. >> there have been reports that perhaps the republicans go ahead and let the middle class tax cuts get extended, the upper income tax...
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despite losing the election. first of all, he says, their in-house production operation allowed them to churn out ads in record time. but minchillo also says if you make the chinese news agency angry, i figure you're doing something right. romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. >> i think companies might be okay with that -- [ laughing ] >> that's like young kids who say they like me saying "let's play hardball." anyway, that's going viral, obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people? half think aa.c.o.r.n., which no longer exists, stole the election. what is this fringe called?
despite losing the election. first of all, he says, their in-house production operation allowed them to churn out ads in record time. but minchillo also says if you make the chinese news agency angry, i figure you're doing something right. romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe...
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he is hereto elected nor has he ever run for office so why is washington so scared of him? >> it's also politically smart to cut the knees out from under grover norquist. this guy, who is he? >> one dangerous man, cut the knees out from under him? because he gave candidates an opportunity to sign a tax pledge. they signed it. >> two quick points. number one, a person who stands in the way of a victory by the left is a dangerous man by definition. number two, i love cokie roberts saying he's an unelected lobbyist. what is she? she is doing the exact same thing he is doing but she's doing from her perch at abc news. how dare she's pom puts, arrogant couragists say these people are unelected people. folks, so are you. >> good point. all right. let's go to pbs, paul crugman. he has the power grab to take away the constitutional authority from congress. they have the the ability to spend money. he wants to give the president a blank check. watch this. >> the president has also proposed something that john boehner calls silliness, or geithner did, which is taking the idea of debt
he is hereto elected nor has he ever run for office so why is washington so scared of him? >> it's also politically smart to cut the knees out from under grover norquist. this guy, who is he? >> one dangerous man, cut the knees out from under him? because he gave candidates an opportunity to sign a tax pledge. they signed it. >> two quick points. number one, a person who stands in the way of a victory by the left is a dangerous man by definition. number two, i love cokie...
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you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not belittling the difficulty. these are tough, tough issues. but the stakes are really, really important right now. there is a little wiggle room. >> yeah. >> as far as the president and the democrats are concerned when it comes to raising tax rates for the wealthy. >> sure. the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot tak
you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not...